A mission statement is important to an organization because it expresses the organizations purpose. identifies

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A mission statement is important to an organization because it

• expresses the organization’s purpose.

• identifies how the organization intends to meet its customers’ needs through its products/services.

• communicates organizational purpose and inten¬ tions to employees.

• acts as a basis for setting organizational strategy. LO.1

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Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

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